Australia Adds $1 Billion To Low Emissions Tech Fund

The Yallourn coal-fired power station in Latrobe Valley, Victoria, Australia on Oct. 9, 2002. AAP Image/Julian Smith

Australia’s push to reach net-zero emissions by 2050 will now include a $1 billion boost to help bankroll low emissions technologies.

The government’s new Low Emissions Technology Commercialisation Fund will combine $500 million of private investment with $500 million from the government’s Clean Energy Finance Corporation (CEFC).